FINWIRES · TerminalLIVE
FINWIRES

Xingye Silver & Tin Scraps Willing New Energy Stake Buy Plan; Shares Rise 7%

By

Inner Mongolia Xingye Silver & Tin Mining (SHE:000426) cancelled plans to acquire 7.76% of Willing New Energy (SHE:002667) as the latter faces delisting, according to a Saturday filing on the Shenzhen bourse.

Shares of Xingye Silver & Tin jumped 7% in Monday morning trade, while those of Willing fell 5%.

The mining company was supposed to acquire the stake through its subsidiary, Xizang Shannan Antimony & Gold Resources, from Shanghai Lingyi New Materials and an individual investor.

Willing is at risk of being delisted as its 2025 annual report did not meet the bourse's standards.

Related Articles

Asia

Asia Commercial Forecasts Rise in Full-Year Profit

Asia Commercial (HKG:0104) expects a net profit of at least HK$39 million for the year ended March 31, up from HK$24 million a year prior, according to a Friday Hong Kong bourse filing.The watch seller attributed the forecast to a reduction in fair value losses on investment properties.

$HKG:0104
Asia

Central Plains Environment Protection Subsidiary to Establish Clean Energy Supply Company

Central Plains Environment Protection (SHE:000544) wholly-owned subsidiary Zhengzhou Xinhong Reclaimed Water Resources Development and Utilization will invest 10 million yuan to establish a clean energy supply company.The newly-established company will utilize local reclaimed water, geothermal, and other resources, according to a Friday filing with the Shenzhen bourse.

$SHE:000544
Asia

OKG Technology Warns of Wider Fiscal-Year Loss

OKG Technology (HKG:1499) expects an attributable loss of at least HK$20 million for the year ended March 31, compared with HK$15.8 million a year prior, according to a Friday Hong Kong bourse filing.The construction engineering company attributed the forecast to a lower revenue from the foundation, building construction work, and ancillary services segment.

$HKG:1499